Bitcoin’s 1.8% decline this week mirrors wider crypto unease, with the global market cap dipping 2.3% to $3.11 trillion. Economic uncertainty intensified after reports emerged that the European Union intends to prohibit unlicensed stablecoins by March. 2025, fueling liquidity worries.
BTC/USD 15 minute chart via Bitstamp on Feb. 18, 2025.
Meanwhile, Argentina’s meme coin crash—sparked by a presidential endorsement—eroded retail confidence, revealing risks inherent in speculative assets. Technically, bitcoin remains confined within an upward-sloping triangle pattern, indicating consolidation while it struggles to reclaim superior levels. Bitcoin miner reserves dropped by 2,000 BTC this week, signaling waning confidence and increasing sell-side pressure. A decline to $93,500 and $92,500 could set off a drop toward $90,000, with liquidity gaps heightening volatility.
BTC/USD 1 hour chart via Bitstamp on Feb. 18, 2025.
The U.S. stock market closure for Presidents Day quieted institutional trading, while last week’s exchange-traded fund (ETF) inflows fell short of counterbalancing bearish momentum. Lower U.S. 10-year Treasury yields (under 4.5%) provided a spark of optimism, as reduced yields typically favor risk-on assets like BTC. Historical post-halving cycles often precede rallies, yet postponed crypto policy and geopolitical tensions—such as U.S.-China tariff conflicts—extend the period of consolidation.
A golden cross above $106K or an unexpected move by the Trump administration might rekindle bullish momentum, although meme coin fluctuations and miner withdrawals present near-term hazards. bitcoin’s course depends on reclaiming elevated levels near the $100,000 threshold and withstanding macroeconomic headwinds. While technical formations and ETF inflows hint at rebound potential, traders prepare for volatility as global markets absorb ongoing shifts. The next 48 hours may decide whether BTC finds stability or undergoes a sharper correction.
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